Why Has the Smooth Love Potion Risen? Factors Triggering the Increase in SLP and Future Prospects

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Axie Infinity has launched a new decentralized exchange in its ecosystem. SLP, the reward token of Axie Infinity, an NFT win-as-you-play platform, was at the 0.06 dollar level and increased by more than 100% after the announcement.

Katana DEX

Axie Infinity has launched its decentralized exchange Katana DEX. Following the announcement of the launch of the decentralized exchange Katana of the NFT-based gaming platform Axie Infinity Smooth Love Potion (SLP) he managed to double his price. SLP climbed from $0.06 to $0.13 after the development. Such a rise was recorded only in 24 hours.

Axie Infinity’s reward token SLP, Which returned following a price drop in September 2021. SLP is used to create Axes in the game Axie Infinity. Altcoin is an ERC-20 token maintained on the Ethereum network. SLP can be earned as a reward by players through battle or adventure mode. That being said SLP, Known as Axes, is also being used to breed new digital pet worms.

Decentralized stock market Katana, Axie InfinityIt was built to reduce dependence on and provide liquidity for ecosystem tokens. Katana is planned to act as a liquidity provider.

AXS Brackets and SLP Expectations

On the other hand, Axie Infinity’s management token AXS, it has managed to achieve a gain of about 25% in the last two weeks. The AXS reached an all-time high of $ 162 a week ago, while the ATH level of the SLP is $ 0.41. However, SLP, which recorded a correction movement after the sudden increase, is trading at $0.090 as of the time of writing this article.

Axie Infinity is the most popular in the ecosystem since its release NFT it has become one of its games and has generated over $2.8 billion in NFT transaction volume. A youtuber named Crypto King analyzed the transaction volume and on-chain activity of AXS and SLP. Crypto King, based on updates to the Axie Infinity ecosystem SLP he set a goal of $ 0.45 for it.

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